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1

subsidiary

play
adjective sub·sid·i·ary \səb-ˈsi-dē-ˌer-ē, -ˈsi-də-rē\

Simple Definition of subsidiary

  • : not as important as something else

  • : owned or controlled by another company

Source: Merriam-Webster's Learner's Dictionary

Full Definition of subsidiary

  1. 1a :  furnishing aid or support :  auxiliary <subsidiary details>b :  of secondary importance <a subsidiary stream>

  2. 2 :  of, relating to, or constituting a subsidy <a subsidiary payment to an ally>

subsidiarily

play \-ˌsi-dē-ˈer-ə-lē\ adverb

Origin and Etymology of subsidiary

Latin subsidiarius, from subsidium reserve troops


First Known Use: 1543


2

subsidiary

noun sub·sid·i·ary

Simple Definition of subsidiary

  • : a company that is owned or controlled by another company

Source: Merriam-Webster's Learner's Dictionary

Full Definition of subsidiary

plural

subsidiaries

  1. :  one that is subsidiary; especially :  a company wholly controlled by another


Law Dictionary

subsidiary

noun sub·sid·i·ary \səb-ˈsi-dē-ˌer-ē, -ˈsi-də-rē\

Legal Definition of subsidiary

plural

subsidiaries

  1. :  a company having the majority of its stock owned by another company — compare affiliate

subsidiary

adjective


Additional Notes on subsidiary

The parent company of a subsidiary generally has the same policy-making powers as any majority owner and can do such things as appoint directors and hire officers. The subsidiary is controlled by the parent through these powers, and the parent may be held liable for the acts of the subsidiary if the subsidiary is found to be an instrumentality of the parent.



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